NEW YORK — Ted Demme and Joel Stillerman’s Spanky Pictures has hired Tracy Falco as director of development.

Falco, 26, joins Spanky from Creative Artists Agency, where she was an assistant to president Richard Lovett for more than three years. Falco joined the percentery after graduating from Arizona State U.

“(Falco) has perhaps the best eye for young talent I have encountered,” Lovett said. “She’s a great addition for Spanky.”

During her tenure at CAA, Falco worked closely with several of Lovett’s clients, including Hugh Grant, Michael Keaton, David Fincher and Christian Slater.

Demme and Stillerman met Falco through their relationship with CAA, where they are repped by Joe Rosenberg and David O’Connor.

Earlier this year, Demme and Stillerman signed a two-year, first-look development deal with New Line Cinema (Daily Variety, May 16). Among the projects that they are developing are “Noose,” a co-production between Spanky and Denis Leary’s Apostle Films.

Leary wrote and stars in the pic about a low-level Irish hood in Boston who clashes with the neighborhood boss. Demme (“Beautiful Girls,” “The Ref”) will direct. Also starring in “Noose” are Ian Hart, Billy Bob Thornton and Stephen Dorff.

On Jan. 24, Spanky will produce a one-hour TV special for Lifetime’s spinoff, the Place. Presented by Calvin Klein, the show will feature a concert by Tori Amos to benefit the Rape Abuse & Incest National Network.

Also in the works at Spanky is “Blow,” a cocaine-cartel thriller being written by David McKenna that is set up at New Line.